Offshore Support Vessel On-board Fuel Monitoring System Market – Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Offshore Support Vessel On-board Fuel Monitoring System Market – Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

It is essential to attain high fuel efficiency as fuel costs contribute to around 50% to 70% of the vessel’s operating costs. This in turn increased demand for fuel monitoring systems. These monitoring systems operate by installing mass flow meters that provide an overview of instant consumption and total consumption of fuel over time. These fuel consumption measurements are displayed on a touch screen that provides an easy overview of fuel consumption.
Market Drivers: Increasing focus on improving energy efficiency of support vessels is driving the market growth
Increasing global warming has led to need for reduction in greenhouse gas emissions. Therefore, manufacturers are focused on designing fuel efficient support vessels to reduce environmental footprint of harmful emissions. Fuel monitoring system offers real-time data, which helps in the management of vessel operations and speed and reduces fuel consumption and emissions of harmful gases. Moreover, fuel monitoring systems also enable collection and analysis of daily reports and vessel energy efficiency plans for better decision-making and understanding the performance of vessels.
Organizations such as the International Maritime Organization (IMO) focuses on climate change control and set standards to meet energy efficiency and reduce fuel consumption requirements in marine sector. This in turn increases demand for fuel monitoring systems in offshore support vessels. IMO’s Marine Environment Protection Committee (MEPC) has set requirements for ships to monitor and report their fuel consumption. Moreover, organizations such as the American Bureau of Shipping (ABS) offers ENVIRO/ENVIRO+ notations to vessels that meet enhanced standards for environmental protection. These factors have led to increasing demand for fuel consumption monitoring systems in the marine sector, which in turn is expected to boost the market growth.
Key features of the study:
This report provides in-depth analysis of offshore support vessel on-board fuel monitoring system market size (US$ Mn), and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global offshore support vessel on-board fuel monitoring system market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, strategies, and future plans
Companies covered as part of this study include, ABB, Ascenz Solutions Pte Ltd., Aquametro Oil & Marine AG, BOURBON, CMR Group, DNV GL, EMA Group (BlueTracker), Emerson Electric Co., Ian-Conrad Bergan, LLC (Bergan Blue), Insatech A/S, Krill Systems, Inc., KROHNE Messtechnik GmbH, Marorka Ehf., Nautical Control Solutions (FUELTRAX), Navis, Opsealog, Power Instruments Pte Ltd., Royston Limited, The Triscan Group, World Fuel Services Corporation, and Yxney Maritime AS
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
The global offshore support vessel on-board fuel monitoring system market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision making through various strategy matrices used in analyzing the global offshore support vessel on-board fuel monitoring system market
Detailed Segmentation:
Global Offshore Support Vessel on-Board Fuel Monitoring System Market, By Vessel Type:
Anchor Handling Towing and Supply Vessel (AHTS)
Seismic Vessel
Platform Supply Vessel (PSV)
Well Intervention Vessel
Diving Support Vessel (DSV)
Inspection, Maintenance and Repair Vessel (IMR)
Remote Operating Vessel (ROV)
Others
Global Offshore Support Vessel on-Board Fuel Monitoring System Market, By Component:
Hardware
Flow Meters
Sensors
Others
Software
Services
Installation
Training, Maintenance & Support
Consulting
Global Offshore Support Vessel on-Board Fuel Monitoring System Market, By Application:
Data Analytics
Performance Optimization
Predictive Maintenance
Global Offshore Support Vessel on-Board Fuel Monitoring System Market, By Region:
North America
By Vessel Type:
Anchor Handling Towing and Supply Vessel (AHTS)
Seismic Vessel
Platform Supply Vessel (PSV)
Well Intervention Vessel
Diving Support Vessel (DSV)
Inspection, Maintenance and Repair Vessel (IMR)
Remote Operating Vessel (ROV)
Others
By Component:
Hardware
Flow Meters
Sensors
Others
Software
Services
Installation
Training, Maintenance & Support
Consulting
By Application:
Data Analytics
Performance Optimization
Predictive Maintenance
By Country:
U.S.
Canada
Europe
By Vessel Type:
Anchor Handling Towing and Supply Vessel (AHTS)
Seismic Vessel
Platform Supply Vessel (PSV)
Well Intervention Vessel
Diving Support Vessel (DSV)
Inspection, Maintenance and Repair Vessel (IMR)
Remote Operating Vessel (ROV)
Others
By Component:
Hardware
Flow Meters
Sensors
Others
Software
Services
Installation
Training, Maintenance & Support
Consulting
By Application:
Data Analytics
Performance Optimization
Predictive Maintenance
By Country:
Italy
Germany
Norway
Greece
U.K.
Rest of Europe
Asia Pacific
By Vessel Type:
Anchor Handling Towing and Supply Vessel (AHTS)
Seismic Vessel
Platform Supply Vessel (PSV)
Well Intervention Vessel
Diving Support Vessel (DSV)
Inspection, Maintenance and Repair Vessel (IMR)
Remote Operating Vessel (ROV)
Others
By Component:
Hardware
Flow Meters
Sensors
Others
Software
Services
Installation
Training, Maintenance & Support
Consulting
By Application:
Data Analytics
Performance Optimization
Predictive Maintenance
By Country:
China
India
Japan
South Korea
Singapore
Rest of Asia Pacific
Latin America, Middle East, and Africa (LAMEA)
By Vessel Type:
Anchor Handling Towing and Supply Vessel (AHTS)
Seismic Vessel
Platform Supply Vessel (PSV)
Well Intervention Vessel
Diving Support Vessel (DSV)
Inspection, Maintenance and Repair Vessel (IMR)
Remote Operating Vessel (ROV)
Others
By Component:
Hardware
Flow Meters
Sensors
Others
Software
Services
Installation
Training, Maintenance & Support
Consulting
By Application:
Data Analytics
Performance Optimization
Predictive Maintenance
By Country:
Brazil
Turkey
UAE
Rest of LAMEA
Company Profiles
ABB Ltd.*
Company Highlights
Key Developments
Product Portfolio
Market Presence
Strategic Presence
Ascenz Solutions Pte Ltd.
Aquametro Oil & Marine AG
BOURBON
CMR Group
DNV GL
EMA Group (BlueTracker)
Emerson Electric Co.
Ian-Conrad Bergan, LLC (Bergan Blue)
Insatech A/S
Krill Systems, Inc.
KROHNE Messtechnik GmbH
Marorka Ehf.
Nautical Control Solutions (FUELTRAX)
Navis
Opsealog
Power Instruments Pte Ltd
Royston Limited
The Triscan Group
World Fuel Services Corporation
Yxney Maritime AS.
* Key pointers are provided for each company listed.